GREY:XEBEQ - Post by User
Comment by
catchascatchcanon May 18, 2021 10:30am
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Post# 33221569
RE:RE:All time high
RE:RE:All time highWell put TT. And absolutely, money will come back to the sector in due course. If there's one thing that keeps my money here it's the relentless push by govts to pour tax dollars into ESG until it makes both environmental sense, AND economic sense. I do not appreciate the approach based on my conservative economic views, but do from my liberal social views, and am more than happy to profit from the trend. There is a bottomless pit of money that is being earmarked for the electric and enviro push over the next many years, and while these stocks have all sufferedof late to varying degrees, many should succeed long term. Govt grants, tax breaks, and incentives will flow for many years, and if people are patient, this tree should yield fruit for the next decade at a bare minimum. For this reason, I feel we're being paid to wait, or at least will be ;) GLTA
tamaracktop wrote: "how long it will take to get back to the all-time high or do you even see us getting there at all?"
We'll get there all right, but asking when is a tall order. You've been here long enough to remember when the stock first hit $5, and someone asked how long it would take to go to $10. My reply was that it would have to go to $8 first.
We've already been to $10. It will have to get back there before it gets to $15.
In answer to your question, I'll add to the other comments here by saying that a prerequisite for it doing so would for sentiment towards this sector to do a 180, and for the market to see massive capital inflows and a doubling or tripling of revenue multiples. After all, Balllard's and FuelCell's trailing multiples have been halved, and then halved again. Xebec just won't have a chance in the next year without multiple expansion.
Can't say the same for Plug. It didn't have any revenues to halve the multiple.